Latest Update: Friday, January, 16th 2009

To provide support for small business concerns, and for other purposes. 5/3/2007--Introduced. Small Business Investment and Promotion Act of 2007 - Amends the Internal Revenue Code to: (1) provide to small business owners and operators of farming or commercial fishing businesses a temporary credit for excessive fuel costs paid or incurred in the operation of such business; (2) make permanent the credit for increasing research activities; and (3) treat as 15-year property for purposes of the depreciation deduction qualified restaurant property, qualified retail improvement property, and certain systems installed in nonresidential buildings. Authorizes appropriations for FY2008-FY2009 for: (1) the Advanced Technology Program; (2) the Service Corps of Retired Executives (SCORE); (3) small business development centers; (4) the Manufacturing Extension Partnership program; and (5) the Women's Business Centers program. Expresses the sense of Congress calling for appropriate [...]

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Latest Actions
  • 05/08/2007 - Referred to the Subcommittee on Technology and Innovation.
  • 05/03/2007 - Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 05/03/2007 - Referred to House Ways and Means
  • 05/03/2007 - Referred to House Small Business
  • 05/03/2007 - Referred to House Science and Technology